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we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income security and higher take home pay and you can do that through economic growth and that is what we are trying to provide and what we can get if we put the progrowth policies in place. >> chris: a number of top republicans say that when romney picked you as his running mate a little over a month ago that they thought that this indicated that you guys were going to run a bold reform agenda campaign and now expressing some frustration that instead of you changing romney you heard this that they feel that romney is changing you and you are running a much more
we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income...
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it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people of come here today are protesting against and they're calling for the opposite they say the country's economy right now needs most candy and lawyer tax says to do with the big day in the street needs to be developed and the conna me needs to be boasted otherwise they are afraid that i'll do the country's economy will decline and that will affect dramatically their life and they moved simply they don't want that. we don't want them to because europe wants to pressure us to stop our country from investing in public sectors like education with this we are protesting against the spirit in europe and everybody knows that hysterically leads to recession going to live from the cities we are against. imposition of the austerity plan will be very difficult for us of course we don't want that part. they can only crisis isn't golf in europe these days and austerity measu
it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people of come here today are protesting against and they're calling for the opposite they say the country's economy right now needs most candy and lawyer tax says to do with the big day in the street needs to be developed and the conna me needs to be boasted otherwise they...
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it says that it proposes to save thirty billion euros by cuts in public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stagnation this is what people of calm here today are protesting against and they're calling for the opposite they say the country's economy right now needs most candid and loyal tax says. we don't want. because europe wants to pressure us to stop our country from investing in public sectors like education with this we are protesting against the sterett in europe and everybody knows better sterrett who leads to recession will have from the cities we are against the imposition of the austerity plan will be very difficult for us of course we don't want that picture taken on the crisis is in golf in europe these days and austerity measures have led to a national wide protest in many countries and the protesters have. in question with police to dramatic events have been taking place also wrote europe and many here today fear that france could be the next country to face this reality was dramatic
it says that it proposes to save thirty billion euros by cuts in public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stagnation this is what people of calm here today are protesting against and they're calling for the opposite they say the country's economy right now needs most candid and loyal tax says. we don't want. because europe wants to pressure us to stop our country from investing in public sectors like...
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the income on payroll taxes stops at $110,000. >> it's a flat tax. >> it's actually a regressive tax. if you earn $500,000, you're not paying any payroll tax. it's ridiculous. >> assessing something you can't hardly assess, but this is when they all come back after the election, what in the hell is going to happen? how do you read it right now? what are the leaders saying? >> it all comes down to the presidential election, every party is waiting to see what happens and no one really knows, it's going to take real leadership. if anything's going to get done, it's going to be mitch mcconnell. >> this president's going to go over the fiscal cliff. >> what's going on? big tax cuts? big tax -- >> coming up next, my pal steve meister. are you expecting just as an ordinary person who writes the occasional column and follows the politics, do you think we're going have a big smacking huge tax hike after the election, do you think the so-called tax cliff we're all going to fall into it? >> we're at this fiscal cliff, obama is going to engage in this class warfare his entire four years and he ha
the income on payroll taxes stops at $110,000. >> it's a flat tax. >> it's actually a regressive tax. if you earn $500,000, you're not paying any payroll tax. it's ridiculous. >> assessing something you can't hardly assess, but this is when they all come back after the election, what in the hell is going to happen? how do you read it right now? what are the leaders saying? >> it all comes down to the presidential election, every party is waiting to see what happens and...
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. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and the key is this: get people from not paying income taxes because they've had incomes to the middle class so they have jobs that have higher take-home pay and they pay taxes, we want to create more taxpayers and don't want to tax more people with bad tax policy, we want to create taxpayers by growing the middle class and getting people back to work with higher take-home pay and the secret is economic growth, chris. look, the premise of the conversations, the premise of tax -- your tax reform point is, as if the economic pie is fixed and it is the govern
. >> chris: bush tax cuts -- >> tax breaks. he passed the obamacare taxes and a dozen hit middle income taxpayers breaking the promise and he proposes a maxive tax increase on job creators in january and to go to your question, we don't think the idea or solution is to impose new taxes on low income people, we want people out of poverty and back to the middle class, why our economic policies are designed to create jobs, and opportunities so people can get higher take-home pay and...
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cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the only candidate in this race who has a record of showing he knows as an executive how to forge bipartisan compromise. as the governor of massachusetts, over 85% of his legislature democrats, he made things happen. and he will make things happen as president of the united states. and will forge the right type of compromise to get this done. and that's the way it's going to work. >> do you think that this governor romney should be in a situation where he's actually prepared to deal with revenue, to raise revenue, go against his party if it's part of a package
cuts, going beyond the extension of the bush tax cuts. he talks about raising defense spending. he rejects a 10 to one ratio of spending cuts to tax increases. simpson-bowles. you mentioned them. they say the math doesn't add up in the romney plan and he won't tell us how he thinks it does. >> well, listen. the country is hungry for bipartisan compromise, david. i agree with you,t( especially after the last four year was intense partisanship from this white house. and mitt romney is the...
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the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> that was paul ryan on fox news yesterday making the case against math or for time or some combination thereof. these are the moments where i think the romney team has trouble, once you can actually drill down and say, but how does it work? show me the numbers. there is no answer. >> right. paul ryan thinks he can use this kind of policy wonk construction that he's been able to create to evade policy discussions. h
the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can --...
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the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. ther
the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's...
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lowering the tax rates by broadening the tax rates -- >> let me --. i -- >> you haven't given me the math. >> i don't have the time. it would take me too long go through all of the math. >> that's a quote you're going to hear a lot, i guess from the obama campaign and the president himself. meanwhile the president who's known for being a bit long-winded and can have an hour-long news conference with only eight questions is working to sharpen his responses. quote, we eh had a hard time getting every point across within the time limit. you're trying to make a case to the people, so you have to make sure your answers connect with people. he got some advice from howard dean. >> the president's got to avoid being irritable. hi's got to roll with the punches. mitt is going to be out there, aggressive. he feet to show a sense of humor and show he's likeable. that's all nonverbal cues. >> folks, these debates, though, they don't have time limits, they allow for a lot of back and forth. it will be interesting to see which candidate enjoys that idea that you do
lowering the tax rates by broadening the tax rates -- >> let me --. i -- >> you haven't given me the math. >> i don't have the time. it would take me too long go through all of the math. >> that's a quote you're going to hear a lot, i guess from the obama campaign and the president himself. meanwhile the president who's known for being a bit long-winded and can have an hour-long news conference with only eight questions is working to sharpen his responses. quote, we eh...
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lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from the e.u. the of every country are making money. there are rich people everywhere yet to they3 there are rich people everywhere yet to they do not contribute to the growth of their own country. lou: there are rich people everywhere. she is worth over 100 million. what is she thinking about? and just have to give them our national sovereignty? what an absurd concept. we are ready to contribute 22% of the when budget almost $8 billion to the united nations. our favorite angry liberal on a quest to offend more people. taking shots at almost everyone on the online t
lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from...
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public policy areas from flexible international exchange rates to a lower rate of inflation, lower taxes, less government. all volunteer army. lou: what, do you think, professor friedman would think of bin bernanke's federal reserve today? >> well, i think that friedman largely would have supported the actions that the fed has taken. that is certainly ben bernanke position who is a great scholar of milton friedman and also the great depression. i think that in an extraordinary circumstances you would argue that the extraordinary measures are called for and that the fed really has tried to avoid a repeat of the 1930's when there was a great decline in the velocity of money and there was actual inflation. that hasn't happened. lou: you don't think he would be and that'll nonplussed by too much coincidence with keynesian economics? >> no. i think that on the fiscal side he would very much opposed the economic stimulus of president obama. i'm sure he would oppose obamacare. when it comes straight to monetary policy, i think that freedom would think that this was a circumstance where more exp
public policy areas from flexible international exchange rates to a lower rate of inflation, lower taxes, less government. all volunteer army. lou: what, do you think, professor friedman would think of bin bernanke's federal reserve today? >> well, i think that friedman largely would have supported the actions that the fed has taken. that is certainly ben bernanke position who is a great scholar of milton friedman and also the great depression. i think that in an extraordinary...
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when he released tax information 30% of his income away, biggest part to his church, i admire people that back up their beliefs with what they actually do. his particular faith is not the same as mine but i want people who practice what they preach. i would love to see people in office and frankly people who wanted credibility with me to demonstrate that what they stand for on sunday is also what they stand for the rest of the week. one way we find that out is how they invest even their resources. now, if you are going to bring religion and the faith of candidates, particularly mitt romney into this whole presidential debate, fair enough. fair enough senator reid, let's bring everybody's faith and everyone's church and then maybe america will be reminded of this pastor under whom barack obama sat for 20 years. >> god bless america, no, no, no. not god bless america. god [ bleep ] america. >> yeah, so if you wanted to bring religion up, fine we're ready and we'll be more than happy to talk about the influences of faith on each of the candidates. >>> coming up the filmmaker who says he
when he released tax information 30% of his income away, biggest part to his church, i admire people that back up their beliefs with what they actually do. his particular faith is not the same as mine but i want people who practice what they preach. i would love to see people in office and frankly people who wanted credibility with me to demonstrate that what they stand for on sunday is also what they stand for the rest of the week. one way we find that out is how they invest even their...
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. >> i would rather have my tax dollar going a family buying stuff at costco and bulk. >> jon: right, because this is america, jack! if uncle sam is paying for the meal, uncle sam gets to tell where you to eat. oh! i just forgot, i don't make any [bleep] sense! the story actually came to light because it is kind of a fini parody music video made by some high-school students that even included some much younger students singing along in kansas where they decried the new federal guidelines and even burned the legislation. kids taking a strong political stand. pretty sophisticated stuff. >> the parody school was actually written by an english teacher at the school. (laughter) >> jon: oh, a teacher wrote a song that the children including what appear to be elementary schoolkids performed against the government. i wonder how fox is going to take this. i don't mean their pundits, i mean their news people. >> cafeteria revolt, the new school lunch program that has left students starving. >> in kansas some kids and a teacher came up with a parody, a video turning the song we are young into we
. >> i would rather have my tax dollar going a family buying stuff at costco and bulk. >> jon: right, because this is america, jack! if uncle sam is paying for the meal, uncle sam gets to tell where you to eat. oh! i just forgot, i don't make any [bleep] sense! the story actually came to light because it is kind of a fini parody music video made by some high-school students that even included some much younger students singing along in kansas where they decried the new federal...
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. >> lowering tax rates by broadening the tax base works. and you can -- >> but i have to -- you haven't given me the math. >> i don't have the time -- it would take me too long to go through all of the math. let me say it this way, you can lower tax rates by 20% across the board, by closing loopholes and still have preferences for the middle class for things like charitable deductions for home purchases, for health care. >> where is the math? and is mitt romney going to be under pressure in this debate to produce the specifics as to how it will all add up? >> well, andrea, first that's a laughable question. where's the president's plan? he's had four years, 23 million people don't have work. so let's start with that. >> the question was asked by -- the question was asked by chris wallace on fox, being asked by other republicans, where is the math, how do you add up those tax cuts, even eliminating some deductions, which deductions would you eliminate, let's be specific and how will you do that and reach deficit reduction, which programs wil
. >> lowering tax rates by broadening the tax base works. and you can -- >> but i have to -- you haven't given me the math. >> i don't have the time -- it would take me too long to go through all of the math. let me say it this way, you can lower tax rates by 20% across the board, by closing loopholes and still have preferences for the middle class for things like charitable deductions for home purchases, for health care. >> where is the math? and is mitt romney going to...
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the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would take me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income is subject to taxation so you can lower tax rates. that's where we begin. where we go is by denying those deductions and loopholes to higher income people, which allows us to lower tax rates for everybody across the board and still afford important preferences for the middle class taxpayers. >> there you have paul ryan on taxes. we expect some of the comments to pop up come wednesday night during the debate in denver, the very first presidential debate here of this election season. and i want to go to chief white house correspondent jessica yel
the tax base works. and you can -- >> but i have to -- >> no. >> but you haven't given me the math. i don't have the -- it would take me too long to go through all the math. >> too long to go through the math, he says. but ryan did go on to hint, didn't promise, but he hinted that a romney administration would look at tax loopholes enjoyed by the wealthy. here's that. >> when you close a tax write-off or tax shelter for a higher income person, more of their income...
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when he released tax information and gives nearly 30% of his income away the biggest part to his church, i have to say i salute that. i admire people who don't just claim believe in something, but back it with what they actually do and give. and his particular faith is not the same as mine, but i'm wanting people who practice what they preach. i'd love to see people in office and frankly, people who want credibility with me to demonstrate that what they want for on sunday is also what they stand for the rest of the week. and one way we find that out is how they invest even resources. now, if we're going to bring religion and the faith of candidates, particularly mitt romney, into the presidential debate. fair enough, fair enough, mr. reid. let's bring everybody's faith, everyone's church into it and maybe then america will be reminded of this pastor under whom barack obama sat for 20 years. >> god bless america, no, no, no, not god bless america, god (bleep) america. yeah, so if you want to bring religion up, fine, we're all ready and more than happy to talk about the influences of fait
when he released tax information and gives nearly 30% of his income away the biggest part to his church, i have to say i salute that. i admire people who don't just claim believe in something, but back it with what they actually do and give. and his particular faith is not the same as mine, but i'm wanting people who practice what they preach. i'd love to see people in office and frankly, people who want credibility with me to demonstrate that what they want for on sunday is also what they...
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there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is unpleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month, for how long, and when to get the 0.9% added? >> it is a good question. >> is it added after $125,000? >> i think it is added after $200,000, or $250,000. i am not sure. right now, the medicare tax is 1.45% on all of your salary income. it would go to 2.35%. >> both sides talk about the $750 billion savings. [laughter] who is right? >> we had both become incredibly frustrated. it has to do with the way this is talked about in washington. it has nothing to do with what real people talk about with real money in their lives. the current projection is medicare spending would increase by hundreds
there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is unpleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month, for how...
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our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government spending. eliminating alling a churm sub i dids and new see land began feeding itself and became the great source of the food around the world and competed in dairy with wisconsin so aggressively that the wisconsin dairymen accused of them of unfair trading practice alls all the way from new zealand. it is the great vanity of bureaucrats that somehow their jobs are awfully important. but after the second world war, we eliminated 150,000 bureau crateds, millions of federal workers and the same economists are therefore bearers
our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government...
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no letup in tax the rich mania. the u.n. takes aim at the richer people in america and europeans riot again to make them pay for, well, for everything. and then there is this, the european beat americans at golf again. but cheer up, "varney & company" is about to begin. >> good morning, "varney & company," today is monday october the 1st. wednesday is the first presidential debate and the obama campaign spent the weekend trying to low up media expectations that the president's already won. most mainstream polls do indeed have president obama in the lead, but according to rasmussen, governor romney has an edge among certain voters. 43% of likely voters say they are certain they will vote for mitt romney. 42% say they'll vote for the president. that's a very slight edge, but 15% of voters say they are uncommitted, with a number that large, the debate takes on added importance. new jersey governor chris christie in sharp contrast to the media thinks that romney will pull off a clear win this week. listen to this. >> i've seen m
no letup in tax the rich mania. the u.n. takes aim at the richer people in america and europeans riot again to make them pay for, well, for everything. and then there is this, the european beat americans at golf again. but cheer up, "varney & company" is about to begin. >> good morning, "varney & company," today is monday october the 1st. wednesday is the first presidential debate and the obama campaign spent the weekend trying to low up media expectations that...
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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have their foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere e
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
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is now looking for a global tax. now, we're calling global tax maggedden. where we would pony up a huge portion of the tax receipts into the u.n. and they would distribute them throughout the world to the needy. what do you think of this? >> i think it's incredible. first of all, we are the needy. maybe they should do it where china should write off their trillion dollars that they wrote us and more. by the way, if you look what's going on, they are serious about this where we're supposed to give more money to other countries. we don't have money for ourselves. so it's just another ploy. we'll educational background up being -- end up being, because we are run by people globe know what they're doing issues we'll be the only nation that gives. >> gretchen: i got bad news for you, you're going to be taxed 1% tax on billionaires around the world. that's part of this whole deal. >> i can imagine the people that are going to distribute the money. i've seen the people. i have buildings over there. i see them all the time. you should see the people that are going
is now looking for a global tax. now, we're calling global tax maggedden. where we would pony up a huge portion of the tax receipts into the u.n. and they would distribute them throughout the world to the needy. what do you think of this? >> i think it's incredible. first of all, we are the needy. maybe they should do it where china should write off their trillion dollars that they wrote us and more. by the way, if you look what's going on, they are serious about this where we're supposed...
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when people hear taxes they say i need details. because i pay taxes. i want to know exactly what's going to happen if you're elected. i speak for america. no. but i certainly speak for myself and paying taxes. that's what i want to know. >> speaking only for soledad o b bri yen. >>> they're the kind of experiences you'd assume nobody could survive. young woman sold into sexual slifry. the young women are fighting back. [ male announcer ] extreme environments can cause a spontaneous change in dna, resulting in unexpected power and agility. introducing the all-new, all-powerful gator rsx 850i. sixty-two horsepower, a fully independent multilink suspension and a top speed of 53 miles per hour. it's a whole new species of gator. see just how much the gator has evolved at johndeere.com/gator. >>> welcome back to "starting point," everyone. a couple stories you cannot miss this morning. we're going a little bit highbrow on you right now. assault charges have been dropped against the man accused of choking wie ining lindsay lo cell phone pictures. she told po
when people hear taxes they say i need details. because i pay taxes. i want to know exactly what's going to happen if you're elected. i speak for america. no. but i certainly speak for myself and paying taxes. that's what i want to know. >> speaking only for soledad o b bri yen. >>> they're the kind of experiences you'd assume nobody could survive. young woman sold into sexual slifry. the young women are fighting back. [ male announcer ] extreme environments can cause a...
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because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in personal taxation must pass one clear test, do they help people on low and middle incomes get by and get on? it's as simple as that. at the next election, all parties will have to acknowledge the need for further belt tightening. that much is inescapable. but the key question we will all have to answer is who will have to tighten their belts the most? our position is clear. if we have to ask people to take less out or pay more in, we'll start with the richest and work our way down, not the other way around. we won't waver in our determination to deal with our debts. but we will do it in our own way,
because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in...
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boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and i believe they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> the verdict will be rendered november 6. megyn: joining me now mark hannah, former aid to john kerry and barack obama. kevin, your chots on that exchange? >> that was a revealing look inside the best talking points that president obama has by his top spokesperson on the campaign frame beside himself. if you can't get more prekay tough than education, green energy, research and development, and that's the solutions? those are the pin points for solutions you are offering for an election that's going to be decided on an economy and jobs and the economic growth and development of this nation? megyn, that's pathetic. and i think everyone that watched david axlerod squirm, and candy is not exactly a hostile host, saw the real lack of preparedness. this campaign is demonstrating
boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and i believe they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> the verdict will be rendered november 6. megyn: joining me now mark hannah, former aid to john kerry and barack obama. kevin, your chots on that exchange? >>...
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the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this, so, i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore. >> is he principled, do you think? mitt romney? >> that's not the issue, to me. i think he will -- i think he's principled in the sense that he will keep e commitments that he has made. almost all people when they run for president m
the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total...
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true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple of cadillacs. we're building a car elevator in our home. i like to fire people these were all voluntarily offered by mitt romney. >> and he has taken responsibility for that. >> the reason he does not lay out what you say is, among other things, there are studies that disputed, and people will say, you are going to take away mortgage tax deductions? suddenly everybody is up in arms. >> not necessarily true. you can say that anybody over a certain amount can only deduct up to 2% of income -- >> now you are into the weeds. >> it is not the week, it is the facts. >> that's get into the weeds. >> are you mak
true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple...
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we need tax revenue, we need to see additional tax revenues generated. we don't need to see that much general rayed. that would be counter-produce. >> what if they let the taxes lapse for the wealthiest americans which is what president obama wanted those families making more than $250,000 a year, individuals making more than $200,000 a year, what would the impact of that be? >> well, you know, that would hurt but that is something that the economy could digest because the -- total hit would be much smaller. of course, you are hitting higher income households who have other saving, other financial resources. they wouldn't pull back on their spending to the same degree. association you know, all else being equal it would be -- a negative to the economy in the very near term but it is something the economy could digest and -- ultimately longer run we need to address our fiscal situation. that is, we need government spending cuts and we need additional tax revenue. both of those things to address our fiscal problems. one way or the other we are going to nee
we need tax revenue, we need to see additional tax revenues generated. we don't need to see that much general rayed. that would be counter-produce. >> what if they let the taxes lapse for the wealthiest americans which is what president obama wanted those families making more than $250,000 a year, individuals making more than $200,000 a year, what would the impact of that be? >> well, you know, that would hurt but that is something that the economy could digest because the -- total...
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we have to look at what are the canadian taxes? the european taxes? the tacks in -- tax in vietnam in when you shop you do fault say i will only buy that if it is made in america. if we want our economies to succeed they have to compete with vietnam companies. >>neil: but if he is saying that i am going to lower taxes but it may not be what it appears because i will take away breaks which is fine for simplified tax code, et cetera, does he risk alienating a base that did not trust him? that he was serious about the big reagan-like cut in taxes. >>guest: my discussions is he understands we are competing and he knows we have to reduce our taxes. >>neil: who was he reaching out to? >>guest: you have to ask him. >>neil: independent voters? >>guest: he understands we are competing and he understands we have to have he we are taxes. if we have more jobs in america, and we want american businesses to do well, we have to is lower taxes than the rest of the developed world. if we don't, brings are going to go out of this country. >>neil: as a former health car
we have to look at what are the canadian taxes? the european taxes? the tacks in -- tax in vietnam in when you shop you do fault say i will only buy that if it is made in america. if we want our economies to succeed they have to compete with vietnam companies. >>neil: but if he is saying that i am going to lower taxes but it may not be what it appears because i will take away breaks which is fine for simplified tax code, et cetera, does he risk alienating a base that did not trust him?...